Bloomberg Name: COMM 2012-LC4

Commercial Real Estate Direct Staff Report Lamar Cos. has completed its $38.94 million purchase of the Alamance Crossing shopping center in North Carolina's Piedmont Triad. The Fairfield, N.J., investor, which pursues retail properties opportunistically, bought the property through a receivership ...

Commercial Real Estate Direct Staff Report Alamance Crossing shopping center in North Carolina's Piedmont Triad, which backs a $37.65 million mortgage that's been in special servicing since 2020, is close to being sold for more than its loan balance. Arsenault ...

Commercial Real Estate Direct Staff Report The Alamance Crossing shopping mall in Burlington, N.C., in the state's Piedmont Triad, has been re-appraised at a value of $34.2 million. That's down from the $45 million value pegged to the 456,989-square-foot property ...

Commercial Real Estate Direct Staff Report The Susquehanna Valley Mall in Selinsgrove, Pa., has been taken through foreclosure. A total of 628,000 square feet of the 745,000-sf enclosed shopping center, some 50 miles north of Harrisburg, Pa., serves as collateral ...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes Wachovia Bank Commercial Mortgage ...

Commercial Real Estate Direct Staff Report The Susquehanna Valley Mall, some 30 miles north of Harrisburg, Pa., could be worth only $6.4 million in a worst-case scenario envisioned by Morningstar Credit Ratings. That's bad news for investors in COMM, 2012-LC4, ...

Apartment Investment and Management Co. has paid $42 million, or about $142,857/unit, for the 294-unit Rio Apartments in Miami. The Denver REIT purchased the property, at 8801 Fontainebleau Blvd., from the Merco Group of Miami. The purchase price results in ...

Commercial Real Estate Direct Staff Report The Susquehanna Valley Mall in Selinsgrove, Pa., which is encumbered by a $26.2 million CMBS loan, is feeling pressure from growing vacancies. According to Fitch Ratings, which has classified the loan, securitized through COMM, ...

CBL & Associates Properties Inc. has hired JLL to market for sale Alamance Crossing, a shopping center in North Carolina that it classifies as Tier 3. The property, at 1080 Pipe Lane in Burlington, N.C., which is between Greensboro and ...

An investor group led by former music industry executive Aldy Damian has sold Bear Creek Plaza, a 189,953-square-foot retail property in Medford, Ore., for $24 million, or $126.35/sf. The property, at the corner of McAndrews and Biddle roads, just off ...